Barclays Issues Positive Forecast for Cullen/Frost Bankers (NYSE:CFR) Stock Price

Cullen/Frost Bankers (NYSE:CFR) had its price target increased by Barclays from $155.00 to $160.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Barclays‘s target price suggests a potential upside of 2.20% from the company’s current price.

Several other equities analysts also recently issued reports on CFR. Royal Bank Of Canada upped their price objective on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Jefferies Financial Group raised Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and boosted their target price for the company from $135.00 to $160.00 in a report on Monday. DA Davidson upped their target price on Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Raymond James Financial restated a “market perform” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 1st. Finally, TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Cullen/Frost Bankers currently has a consensus rating of “Hold” and an average target price of $151.92.

Cullen/Frost Bankers Stock Up 0.2%

Shares of NYSE CFR traded up $0.30 during midday trading on Tuesday, hitting $156.56. 20,636 shares of the company’s stock were exchanged, compared to its average volume of 561,854. The firm’s fifty day simple moving average is $143.15 and its 200-day simple moving average is $139.58. The company has a market cap of $9.83 billion, a PE ratio of 15.27, a P/E/G ratio of 3.90 and a beta of 0.54. Cullen/Frost Bankers has a twelve month low of $119.00 and a twelve month high of $157.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, beating the consensus estimate of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The company had revenue of $574.84 million for the quarter, compared to analyst estimates of $587.28 million. During the same period in the prior year, the firm posted $2.30 earnings per share. Research analysts predict that Cullen/Frost Bankers will post 10.54 EPS for the current fiscal year.

Insider Activity at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of Cullen/Frost Bankers stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $148.29, for a total value of $124,118.73. Following the sale, the executive vice president owned 12,712 shares of the company’s stock, valued at $1,885,062.48. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.14% of the company’s stock.

Hedge Funds Weigh In On Cullen/Frost Bankers

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth approximately $28,000. Covestor Ltd boosted its stake in shares of Cullen/Frost Bankers by 67.6% in the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after buying an additional 100 shares in the last quarter. Blue Trust Inc. grew its holdings in Cullen/Frost Bankers by 252.1% during the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after acquiring an additional 184 shares during the period. Community Bank N.A. purchased a new position in Cullen/Frost Bankers in the third quarter worth $35,000. Finally, Matrix Trust Co lifted its holdings in Cullen/Frost Bankers by 40.4% in the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock valued at $41,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.